Daily Technical Analysis By FreshForex

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NZD/JPY TEchnical Analysis

Summary :
Target Level : 75.35
Target Period : 15 hours

Analysis :
Triangle identified at 09-Sep-02:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 75.3500 within the next 15 hours.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 75.896Last resistance turning point of Triangle.

Support Levels
( A ) 75.35Last support turning point of Triangle.

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Summary :
Target Level : 104.218
Target Period : 3 days

Analysis :
Triangle identified at 09-Sep-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 104.2180 within the next 3 days.

Resistance Levels :
( B ) 105.52Last resistance turning point of Triangle.

Support Levels
( A ) 104.218Last support turning point of Triangle.

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Summary :
Target Level : 104.218
Target Period : 3 days

Analysis :
Triangle identified at 09-Sep-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 104.2180 within the next 3 days.

Resistance Levels :
( B ) 105.52Last resistance turning point of Triangle.

Support Levels
( A ) 104.218Last support turning point of Triangle.

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Summary :
Target Level : 1.5199
Target Period : 6 hours

Analysis :
Rising Wedge identified at 09-Sep-04:30 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.5199 within the next 3 days.

Resistance Levels :
( B ) 1.525Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.5199Last support turning point of Rising Wedge.

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Summary :
Target Level : 1.7273
Target Period : 2 days

Analysis :
Approaching Resistance level of 1.7273 identified at 09-Sep-05:00 2016 GMT